| Purpose |
To provide adequate and timely assistance to the artisans to meet their
credit requirements for both term loan and working capital. |
| Eligibility |
- All artisans involved in production/ manufacturing process
- Artisans to be registered with Development Commissioner (Handicrafts)
- Thrust in financing would be on clusters of artisans and
artisans who have joined to form self Help Groups (SHGs)
- Beneficiaries of other Govt sponsored loan schemes will not be eligible
|
| Quantum |
Individual Rs.30,000/- and Rs.2.00 lakhs per Group |
| Margin |
a) Upto Rs.25,000/- Nil
b) Above Rs.25,000/- 5% |
| Security |
Hypothecation of assets created out of the loan |
Collateral Security
& Third party
Guarantee |
Not required |
| Validity |
3 Years subject to annual review |
| Guarantee |
Covered under CGTMSE Scheme. Guarantee fee and Annual Service fees will be met by
CGTMSE from the funds placed by Development Commissioner(Handicrafts) |
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